Job Summary:
The VP of Liquidity Risk Management reports to the SVP, Liquidity Risk Management and is responsible for supporting an effective liquidity risk management program including interest rate risk in the banking book (IRRBB) for RJF’s unique balance sheet composition and business model consistent with regulatory expectations. This position provides effective challenge to the Treasury and Finance areas including aspects of internal liquidity stress testing (ILST), cash flow forecasts, contingency funding plan (CFP), IRRBB and day-to-day liquidity monitoring and reporting.
Essential Duties and Responsibilities:
·Provide effective challenge of Liquidity Policy, Contingent Funding Plans (CFP), and Liquidity Risk Management Frameworks, cash flow forecasts, limit frameworks, intraday and collateral management and other liquidity pillars and processes including liquidity and capital stress testing processes
· Performs comprehensive and systematic review of key elements of the liquidity risk management framework including historical assumptions and limits established within the firm’s relevant Treasury and Finance processes.
· Supports the day-to-day operations of the liquidity risk management function; and executes on significant, cross-functional projects, as assigned.
· Reviews and follows up on routine reporting from treasury functions for liquidity risk management review and challenge.
· Coordinates with IT to define requirements for data analytics and technology solutions.
· Owns administration around committees, policies, and practices relevant to liquidity risk.
·Acts as a key participant in the firm’s Risk Identification framework from a liquidity risk perspective including identifying material risks and supporting stress testing, ILST, and other limit structures.
· Provides review and challenge in the context of new business initiatives and products from a liquidity risk perspective including to support the firm’s risk identification framework.
· Balances quantitative and qualitative approaches in designing appropriate liquidity risk monitoring processes recognizes the liquidity risk management implications of the Bank's on-balance deposit products and off-balance investment products used by our clients.
·Recommend appropriate liquidity risk limits and guidelines in a comprehensive manner by addressing funding concentrations, minimum levels of borrowing capacity, the size and composition or the liquidity buffer portfolio, and liquidity allocations.
·Effectively communicate to board level executives
· ·Identify, analyze, and advise management on liquidity related issues inclusive of risks and liquid asset optimization strategies. Provide liquidity subject matter input for balance sheet management and to business line managers. Follows up on identified issues with stakeholders to ensure resolution / completion.
·Collaborate and work closely with internal and external stakeholders including Treasury, Finance, Regulatory reporting, Risk Management, Business Units, and Technology / Data teams.
·Proactively support the diversity strategies and goals for Treasury and the broader Finance Strategy group.
Job Summary:
The VP of Liquidity Risk Management reports to the SVP, Liquidity Risk Management and is responsible for supporting an effective liquidity risk management program including interest rate risk in the banking book (IRRBB) for RJF’s unique balance sheet composition and business model consistent with regulatory expectations. This position provides effective challenge to the Treasury and Finance areas including aspects of internal liquidity stress testing (ILST), cash flow forecasts, contingency funding plan (CFP), IRRBB and day-to-day liquidity monitoring and reporting.
Essential Duties and Responsibilities:
·Provide effective challenge of Liquidity Policy, Contingent Funding Plans (CFP), and Liquidity Risk Management Frameworks, cash flow forecasts, limit frameworks, intraday and collateral management and other liquidity pillars and processes including liquidity and capital stress testing processes
· Performs comprehensive and systematic review of key elements of the liquidity risk management framework including historical assumptions and limits established within the firm’s relevant Treasury and Finance processes.
· Supports the day-to-day operations of the liquidity risk management function; and executes on significant, cross-functional projects, as assigned.
· Reviews and follows up on routine reporting from treasury functions for liquidity risk management review and challenge.
· Coordinates with IT to define requirements for data analytics and technology solutions.
· Owns administration around committees, policies, and practices relevant to liquidity risk.
·Acts as a key participant in the firm’s Risk Identification framework from a liquidity risk perspective including identifying material risks and supporting stress testing, ILST, and other limit structures.
· Provides review and challenge in the context of new business initiatives and products from a liquidity risk perspective including to support the firm’s risk identification framework.
· Balances quantitative and qualitative approaches in designing appropriate liquidity risk monitoring processes recognizes the liquidity risk management implications of the Bank's on-balance deposit products and off-balance investment products used by our clients.
·Recommend appropriate liquidity risk limits and guidelines in a comprehensive manner by addressing funding concentrations, minimum levels of borrowing capacity, the size and composition or the liquidity buffer portfolio, and liquidity allocations.
·Effectively communicate to board level executives
· ·Identify, analyze, and advise management on liquidity related issues inclusive of risks and liquid asset optimization strategies. Provide liquidity subject matter input for balance sheet management and to business line managers. Follows up on identified issues with stakeholders to ensure resolution / completion.
·Collaborate and work closely with internal and external stakeholders including Treasury, Finance, Regulatory reporting, Risk Management, Business Units, and Technology / Data teams.
·Proactively support the diversity strategies and goals for Treasury and the broader Finance Strategy group.
Knowledge, Skills, and Abilities:
Knowledge of:
·Strong understanding of liquidity risk, IRRBB, balance sheet management, and data analytics.
·Liquidity risk management requirements from regulators for firms of similar size and complexity as Raymond James; and Category IV bank holding companies.
·Comprehensive knowledge of relevant regulatory policy and guidance.
In depth knowledge of additional regulatory reporting requirements for large financial institutions preferred (e.g. 2052a, ILST).
Skill in:
·Support of a sustainable liquidity risk management program that meets regulatory liquidity risk management expectations while supporting the RJF’s overall liquidity and funding strategy.
·Execution of defined project deliverables related to meeting minimum liquidity risk management guidelines.
Ability to:
·Ability for strategic problem solving, attention to detail, and the capability to manage effectively against deadlines.
·Strong communication, organization interpersonal skills required to effectively communicate, collaborate, and lead cross functional initiatives at all levels across multiple areas of the organization.
·Excellent oral and written communication skills.
·Strong technical and analytical skills.
·Strong ability to influence and build consensus.
Educational/Previous Experience Requirements:
•Bachelor’s Degree (B.A.) and a minimum of twelve (12) to fifteen (15) years of experience in a related field, including people management experience. Master of Finance, CFA, and / or FRM preferred.
•Experience in 2nd line liquidity risk management with Category IV bank holding companies.
~or~
•Any equivalent combination of experience, education, and/or training approved by Human Resources.
Knowledge, Skills, and Abilities:
Knowledge of:
·Strong understanding of liquidity risk, IRRBB, balance sheet management, and data analytics.
·Liquidity risk management requirements from regulators for firms of similar size and complexity as Raymond James; and Category IV bank holding companies.
·Comprehensive knowledge of relevant regulatory policy and guidance.
In depth knowledge of additional regulatory reporting requirements for large financial institutions preferred (e.g. 2052a, ILST).
Skill in:
·Support of a sustainable liquidity risk management program that meets regulatory liquidity risk management expectations while supporting the RJF’s overall liquidity and funding strategy.
·Execution of defined project deliverables related to meeting minimum liquidity risk management guidelines.
Ability to:
·Ability for strategic problem solving, attention to detail, and the capability to manage effectively against deadlines.
·Strong communication, organization interpersonal skills required to effectively communicate, collaborate, and lead cross functional initiatives at all levels across multiple areas of the organization.
·Excellent oral and written communication skills.
·Strong technical and analytical skills.
·Strong ability to influence and build consensus.
Educational/Previous Experience Requirements:
•Bachelor’s Degree (B.A.) and a minimum of twelve (12) to fifteen (15) years of experience in a related field, including people management experience. Master of Finance, CFA, and / or FRM preferred.
•Experience in 2nd line liquidity risk management with Category IV bank holding companies.
~or~
•Any equivalent combination of experience, education, and/or training approved by Human Resources.
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.We expect our associates at all levels to:• Grow professionally and inspire others to do the same• Work with and through others to achieve desired outcomes• Make prompt, pragmatic choices and act with the client in mind• Take ownership and hold themselves and others accountable for delivering results that matter• Contribute to the continuous evolution of the firmAt Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:• Grow professionally and inspire others to do the same• Work with and through others to achieve desired outcomes• Make prompt, pragmatic choices and act with the client in mind• Take ownership and hold themselves and others accountable for delivering results that matter• Contribute to the continuous evolution of the firmAt Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.